Income StatementBalance SheetCash FlowSegments
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Cummins Cash Flow Statement

Operating, investing, and financing cash movements

Cummins generated $3.9B in operating cash flow over the trailing twelve months. After $1.3B in capital expenditures, free cash flow was $2.7B. Free cash flow increased 380.6% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.9BNet Cash From Investing (TTM)-$1.5BNet Cash From Financing (TTM)-$1.4BCapital Expenditures (TTM)$1.3BDepreciation And Amortization Cf (TTM)$1.1BNet Change In Cash (TTM)$1.1B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$88.3B
P/E Ratio31.67
ROE23.95%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$540.0M$162.0M$231.0M$298.0M$544.0M$189.0M
Payment for (Proceeds from) Other Investing Activity$1.0M$59.0M—$69.0M$33.0M-$4.0M
Net cash from investing activities-$713.0M-$246.0M-$369.0M-$231.0M-$885.0M-$10.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$210.0M$330.0M-$182.0M-$295.0M-$1.0M$629.0M
Change in accrued liabilities—-$487.0M——$205.0M-$167.0M
Change in inventories—$331.0M$105.0M$10.0M—$333.0M
Other working capital changes—-$52.0M$68.0M$263.0M$86.0M$38.0M
Deferred income taxes-$103.0M-$25.0M-$113.0M$206.0M$18.0M-$12.0M
Depreciation and amortization$271.0M$269.0M$279.0M$277.0M$280.0M$282.0M
Pension and Other Postretirement Benefits Expense Reversal$10.0M$19.0M$20.0M$21.0M$19.0M$19.0M
Net cash from operating activities$1.4B-$3.0M$785.0M$1.3B$1.5B$309.0M
Net income$445.0M$850.0M$928.0M$559.0M$620.0M$680.0M
Income Loss From Equity Method Investments Net Of Dividends Or Distributions-$87.0M$70.0M$18.0M—$17.0M$86.0M
Increase (Decrease) in Accounts and Notes Receivable-$189.0M$457.0M$186.0M—$146.0M$678.0M
Increase (Decrease) in Other Operating Assets—$36.0M$136.0M——$50.0M
Payment for Pension and Other Postretirement Benefits$18.0M$13.0M$13.0M$12.0M$17.0M$13.0M
Pension and other postretirement income$10.0M$19.0M$20.0M$21.0M$19.0M$19.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$97.0M$52.0M$2.1B$86.0M$103.0M$213.0M
Dividends paid$250.0M$251.0M$251.0M$276.0M$277.0M$276.0M
Other, net—-$46.0M-$3.0M-$20.0M—-$99.0M
Proceeds from (repayments of) short-term borrowings, net-$377.0M$481.0M-$1.4B——-$4.0M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$182.0M$144.0M$66.0M$617.0M$148.0M$108.0M
Payment of Deferred Purchase Consideration—-$46.0M-$3.0M-$20.0M—-$99.0M
Noncontrolling interest transactions and other—-$46.0M-$3.0M-$20.0M—-$99.0M
Net cash from financing activities-$737.0M$92.0M$332.0M-$827.0M-$369.0M-$517.0M
Noncontrolling Interests Activity and Other—-$46.0M-$3.0M-$20.0M—-$99.0M
Repurchases of common stock$0.0$0.0———$243.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$882.0M-$165.0M$554.0M$1.0B$990.0M$120.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$34.0M$18.0M$39.0M——-$13.0M
Net increase (decrease) in cash-$62.0M-$139.0M$787.0M$247.0M$279.0M-$231.0M